Last Updated on 11 months by Anoob P T
There are a lot of business ideas out there but the right business idea can change your life.
When I first started this website, my business idea was to focus on coworking and help businesses find a good coworking space.
I recieved lot of requests from people to start writing about things such as business ideas, career planning and making money online- so now I write about these in addition to coworking.
I’m going to tell you easiest business ideas with which you can start making money easily.
You will find information about all kinds of business ideas in this article, so please feel free to go to the section that you are interested in.
Ultimate List of Business Ideas That You can try
Online Business Ideas (without Investment)
So without any further delay, lets start. First we will look at online business ideas that require zero investment.
We start with online business ideas because these have the least the least capital requirement for starting up and anyone from a college student, a housewive or even a professional having a full time job can start an online business and earn money.
What is an Online Business?
Online Business or e-business is any kind of business or commercial transaction that includes sharing information across the internet.
If you are a business owner who does any or all part of your business via internet, then you are doing online business.
In fact, in the present times, all products ranging from clothes, shoes, household appliances, grocery and food reach our door steps with a single click; all thanks to online business.
It has brought along many benefits for the customers due to ease of access and convenience. Similarly, you do not need to go out of your home in order to work these days.
With a decent enough computer and a good internet connection, you can earn money online. The online platforms have facilitated a lot of business ideas for new entrepreneurs looking for start-ups or jobs on their own.
The best thing about some of the businesses is they require zero investment and can result in huge potential and economic benefits for you.
Essential Components on an Online Business
★ Traffic or Users
★ Product or Service
★ A Payment Gateway
★ Capturing Data of Customers
★ Digital Branding
Developing an online business is a hard task and you need to know about the various factors which determine the success of your enterprise.
There are a lot of people and websites providing online services or products and you have to be unique to stand out from them and increase your customer support.
Even with the techniques of promotion or marketing strategies, you have to focus on the product or the services you render with a definite and clever plan.
You need to take care of certain components in your online business which decide its success—product, audience, website, automated sales system and delivery.
These are the key elements required if you want to start and grow an online business (with or without a blog.) With each comes its own hurdles and with some, the technique or method you use can make or break your business.
The product among these factors may be a physical product, digital product, blog content or different services. The product is the key element of your business idea and it should be from a field of your interest and you need to have skills so as to excel in this field.
Moreover, you have to think about the profit before deciding a product, which is important in any business. There are a lot of online business ideas that increases the competition, so you have to choose wisely.
You will also have to ensure that there are customers or audience interested in your product, for a business to be successful. It is always advised to have an idea about the perfect customer and then design your product as well as marketing strategies according to it.
Your website is another main aspect which is the hub of everything you sell or what your business does. You can create your own websites through different business name generators.
Even after setting up an online business, you have to constantly build the profile and make sure everything goes right. The automated sales system deals with increasing traffic on your websites and the digital or social media marketing techniques.
The customer experience is important and bad delivery can result in lost business. Methods of delivering digital products and services require solid integration with the payment system (checkout) you are using and your website or product delivery service.
Here are online business ideas in India that require zero investment:
Table of Contents
Blogging
Starting a blog in a niche of which you are an expert helps you in earning easy money. All you have to do is write daily articles on a topic dear to you.
You should try to attract traffic to your blog by giving entertaining, fresh and educating contents on various topics. Some of the topics with popular interest are lifestyle, fashion, food, travel, nutrition, pet care and much more.
Bloggers can monetize this content via so many ways, including (but not limited to) offering different products/services to their audience (aka affiliate marketing), finding private advertisers, and putting up pay-per-click advertisements.
Skills Required
You have to be a creative writer with good vocabulary skills and language proficiency. Your content should not have any grammatical errors. It should be a topic of interest to attract the audience.
Investment Required
Minimum investment is required to start a blog. It can start from Rs.1500- Rs.5000 depending on the domain and your hosting plan. There are also ways in which you can start up a blog without any investment through free business name generators.
Potential Revenue: The earning potential depends on the popularity of the blog and the traffic you attract. You can earn Rs.7000 to Rs.70000 per month for the content from your blog.
Estimated Time To Be Profitable: It usually takes 2-5 years for your blog to be successful and profitable. Since this takes few months or even years to become profitable you can start your blog on the side while having another job.
Freelance Writing
There is a huge demand for reliable and creative web content since the coming up of different search engines. You need to have good language skills and proficiency, the ability to write search engine optimized content keeping care of grammar and other linguistic errors, and to introduce interesting topics from variety of fields.
The job includes content creation; it can be technical writing or creative writing. You can start a website and create content for companies independently or work for different institutions.
Skills Required
Good language skills, search engine optimisation, writing skills and to know about the popular interest on different topics are the skills required to start your career as a freelance writer.
Investment Required: All you have to do is create a business name and website, which can be also done through free business name generators. Hence, it only requires minimal or zero investment.
Potential Revenue
Payment and the difficulty level depend upon the length of the content as well as the content you have to write. You can earn for the number of words or as per your working hours. Usually, the earning potential ranges from Rs.10000 to Rs.50000. It can go up depending on your skills or the content.
Estimated Time To Be Profitable: You will need to work 1-2 years to have a profitable career in this business. It also depends on your content creation and writing skills.
Virtual Assistant
Generally self-employed, virtual assistants provide administrative and creative support to companies worldwide with the help of Internet.
Their day-today tasks involve blogging, social media marketing, reading and responding to mails, creating mails and business documents, maintaining websites, scheduling appointments, managing customer complaints or queries for different business companies which help them to organize matters in a better way.
Skills Required
In fact, this job includes a lot of other online job platforms and services; hence it is better if you are a multi-tasker. All you have to possess is good communication skills and the ability to handle MS Word, Excel and such data collection and organizing applications in an efficient way.
Investment Required: This job requires zero investment.
Potential Revenue: You can earn according to the services you provide to different companies. It is advisable to focus and work in the areas which require your best skills and in this way, you will be able to earn better. For jobs like data entry, you are paid with Rs.200-Rs.300 per hour; however, this can go up depending on the company you are working with as well as the efficiency of your work.
Estimated Time To Be Profitable: Your profile gets attractive and helps you earn better with experience of minimum 2 years.
Google AdSense
AdSense is a free, simple way to earn money by placing ads on your website. It is a program run by Google through which website publishers in the Google Network of content sites serve text, images, videos, or interactive media advertisements that are targeted to the site content and audience.
These advertisements are administered, sorted, and maintained by Google.
Skills Required
You need to have an active Gmail account that isn’t linked to an AdSense account. You need to have a website, and that website needs to meet all of Google’s terms of service.
Investment Required: There is no investment required for Google AdSense.
Potential Revenue: You can earn from Rs.200- Rs.4000 in Google AdSense.
Estimated Time To Be Profitable: It depends on the traffic in your site.
Affiliate Marketing
You do not need to develop a product for this type of business. In Affiliate Marketing, you sell the products of other providers in your own website or using your link and earn a commission from the original seller.
All you have to do is recommend a product and earn for this reference. This is one of the best businesses to earn money easily.
Skills Required
You need to have problem-solving and decision making skills, creativity and marketing, technical, money management, productivity and leadership skills.
Investment Required: There is no need of any investments in this business.
Potential Revenue: You can earn even Rs.50,000 from Affiliate Marketing.
Estimated Time To Be Profitable: 9 months
Online Tutoring
If you are confident about being expert on a subject and can teach others, online tutoring is one of the best ways to earn money.
You have to create a 10-20 minute video on the topic and then upload it in any e-learning platform. Even though it is hard to get established or popular, you will start earning money for a long time if you are good enough.
Skills Required
As a teacher you need to have an expertise on the subject, an in-depth knowledge and good communication skills. You have to communicate your ideas and thoughts to students with clarity and in a comprehensive manner. You also need to be a good listener and have to adapt according to each students’ needs.
Investment Required: No Investment
Potential Revenue: You will be paid on an hourly basis from Rs.1000 depending on your subject.
Estimated Time To Be Profitable: It depends on the time to get your video content popular among the educational platforms. Usually, it may take 2 or 3 months if you are talented.
Sales Commission Agent (digital)
The chief responsibility of a sales commission job includes promoting and selling products or services in order to grow sales and profitability. A commission sales agent also develops strategies to gain market share and close as many sales as possible.
Other duties include complying with all internal policies and procedures of the company, providing effective customer service and developing advanced product knowledge. A commission sales executive also builds quality customer relationships and maintains up-to-date client information in order to drive sales.
Skills Required
A successful sales commission specialist is self-motivated and outgoing and should have effective communication, organizational and interpersonal skills.
Investment Required: No Investment Required
Potential Revenue: Rs.1.5 lakhs to 4 lakhs p.a.
Estimated Time To Be Profitable: 1 year-3 years
Develop a course
You can launch your own course through online if you are sure and confident about being an expert of it. The course could be anything like social media marketing, mobile app development, baking or cooking, dog training and so on.
With a good video tutorial uploaded on any popular sites, you will get a lot of students and people which helps you to earn money. You can also edit your video to be appealing so as to attract the traffic. It might be hard for the video to be success and popular, but it is worth a risk.
Skills Required: You need to be creative with making the video and has to sound confident and an expert of what you are talking about. Good communication skills, teaching skills and marketing ability are also required.
Investment Required: Zero Investment
Potential Revenue: depends on the popularity of the course and content
Estimated Time To Be Profitable: 3 months-6 months
YouTube channel
YouTube is one of the popular websites with a million followers. You can earn money by creating a YouTube channel and uploading informative as well as entertaining video content.
If you have a lot of followers, there will be many companies to sponsor for you. In return, you have to include the promotional videos or ads of their products. You can also earn money by using Google AdSense to the videos.
You can start creating your videos with just a smartphone and check if you are able to get traction. If you do start getting traction, you can consider investing in a good digital camera to improve your video quality.
Skills Required: You have to be creative and know the various graphic and designing techniques to make good and popular videos.
Investment Required: Zero Investment if you consier creating video only with your smarthphone. You only need to create a YouTube account.
Potential Revenue: The actual rates an advertiser pays varies, usually between $0.10 to $0.30 per view, but averages out at $0.18 per view. On Average the YouTube channel can receive $18 per 1,000 ad views. This equates to $3 – $5 per 1000 video views.
Estimated Time To Be Profitable: it could be from a few hours or days to even months depending on the video content.
Online Reselling
An online reseller is a business or business owner who buys a product from a manufacturer, vendor or wholesaler at a lower cost and “resells” that product at a higher cost through online channels.
Skills Required
You need to be honest, professional and have to remain detached with emotionally with the customers; the business is about buying cheap and selling in a high price.
Investment Required: You need to invest on the products you are buying for reselling.
Potential Revenue: It depends on the resale value and the products you deal with.
Estimated Time To Be Profitable: It could be from weeks to months depending on the popularity of the channel.
Small Scale Business Ideas in India
Small scale business are the backbone of any economy.
Small scale businesses typically have less than 10 people working and can be started on very low investment. I have included only business that require very little capital and business that can be started by anyone without any specialized skills.
Mobile Phone Accessories Selling
You cannot find a person without mobile phones these days; thanks to the expanding technology which has developed to deliver anything and everything to our doorsteps with just a click. The mobile phone accessories business can be profitable as mobile phones are one of the most demanding electronic devices now.
It is convenient, easy to use and has a lot of entertaining and informative content for people of every age group. However, this business can be very competitive and you need to find a location with limited competition so as to be successful and profitable. The most popular mobile accessories are screen protectors, mobile cases, rapid phone chargers, USB phone chargers, portable chargers, Bluetooth speakers, earphones and much more.
Investment Required: Rs.1 lakh to Rs.10 lakhs depending on the accessories you want to include in the shop.
Time to be Profitable: It might take from 6 months to 1 year depending on the location and competition.
Estimated Revenue: You can earn nearly Rs.10 lakhs every year.
Tutoring
If you are an expert in any subject and believe yourself to be a good teacher, this is the best and easy small business idea to earn money. You can start teaching children in your neighbourhood from your home itself or can rent a place which you can start as a tuition centre. All you need to have are good communication and teaching skills and no investment is required.
Investment Required: No Investment is required.
Time to be Profitable: as there is no investment, you will get profit within a few months.
Estimated Revenue: Rs.2000 to Rs.25,000 depending on the number of students.
Small Scale Cooking/Catering
You can show your cooking skills not only to your family but also to many other people craving for good lunch in busy offices or at parties. If you are confident about being a super cook, then this is the best business to start in a small scale. You can do catering services for different events and will get well paid too.
When taking big food orders, you will also need a few helping hands to manage time and ensure everything goes right. In tiffin service all you need do to is prepare and pack lunch for the employees and working sector for those who miss home-cooked food and this can be a good profitable business especially in metropolitan cities.
Investment Required: Rs.2000- Rs.5000
Time to be Profitable: It depends on the number of your customers and your location. For an ideal service, it might take a few weeks to months.
Estimated Revenue: You can earn starting from Rs.30000 per month.
Tailoring
Tailoring is a profitable and small business idea to begin because clothes and fashion never run out of needs for people. If you own a sewing machine, then you do not need to think about investment. In fact, a sewing machine is very inexpensive these days even if you want to buy one.
With creative ideas, designing skills and beautiful colour sense, this business can turn out to be a huge profit. You can start from designing your clothes, and then spread it to your neighbour and through good strategies can always attract a lot of people. When the demand increases, you can also expand the business with more tailors and setting up a workshop.
Investment Required: Rs.1000 if you have a sewing machine. All you need to buy is needles, threads and as such.
Time to be Profitable: 2-3 months depending on how updated you are about the fashion industry.
Estimated Revenue: Rs.25000-Rs.30000 per month
Beauty Parlour
With training in beauty and aesthetic services, you can start a parlour on your own. You can learn this as a course in a few institutions or in any existing parlour. A parlour in neighbourhood is always preferred by people to save their time of travel.
A beauty parlour is a trendy and profitable business, which only requires minimum investment. You can set up one at your home or visit clients.
Investment Required: Rs.1000-Rs.5000 for the material
Time to be Profitable: It only takes a few weeks to gain profit for this business.
Estimated Revenue: Rs.20000-Rs.50000 per month
Pickle Making
We are people with hot and spicy flavours as their favourites. What makes this business profitable is the demand for pickles itself, which is a must in many Indian households and can be used with any Indian food.
If you can make tasty and mouth-watering pickles, this is the best business for you. You can manufacture pickles at your home and sell it on your own.
Investment Required: Rs.2000
Time to be Profitable: 2-4 weeks depending on the demand for the product.
Estimated Revenue: Rs.5000-Rs.20000
Content Writing
Content Writing is a small and profitable business for writers with creative skills and has the patience to research on technical contents.
Mostly, you can be a freelance content writer in an online website or work at home for a company or employer. You have to be good in writing skills and should have language proficiency. You will get paid for the number of pages or on an hourly basis.
Investment Required: No Investment is required
Time to be Profitable: 1-2 weeks
Estimated Revenue: Rs.15000- Rs.50000
Cleaning Services
Cleaning is a physical job and is competitive as a job industry. However, if you can clean with perfection, then this is one of the businesses you can start. With the busy schedule of working families or in companies, there is always a requirement for cleaning services. The best thing about this service is that you can do it without an office setup and only need a few cleaning equipment.
Investment Required: Rs.15000 for different equipment
Time to be Profitable: 3-4 months
Estimated Revenue: Rs.20000-Rs.25000 per month
Travel Services
Travelling is fun and it has become the current trend for a leisure time of people of all the age groups—let that be adventure, pilgrimage, trekking, hiking, camping, college tours and so on.
This is a small business which you can set up and work from home if you have a PC and a good internet connection. Planning the itinerary needs to be careful and you have to consider a lot of matters from budget, destination to hotel stays. If you have good organizational skills, then you can do wonders and earn money with this business.
Investment Required: No Investment is required.
Time to be Profitable: You can gain profit with the first travel itinerary and plan you implement.
Estimated Revenue: Rs.5000 to Rs.25000
Florist / Garland Maker
Making garlands or arranging flowers to get a beautiful bouquet needs a lot of patience and amazing creativity. It is in fact a big deal to handle flowers and combine them, given they are soft and can fade if not dealt with properly.
Flowers are always the main attraction of any event in India; from temples to weddings or funerals. They are also used in hotels for decorating the interiors. You can buy wholesale flowers from farmers in a low rate and sell it to various event management teams.
Investment Required: Rs.10000
Time to be Profitable: 2-3 months
Estimated Revenue: Rs.20000-Rs.25000 per month
Car Wash
For a small car wash business, you do not need much investment and can earn good profit. There is an increasing number of motorcars in the country and many of the people do not find enough time to wash their cars, which makes car wash services a profitable business.
All you need is a High Pressure Jet Spray, a water tank and a motor for increasing the water force. You will also have some running costs like electricity and water supply.
Investment Required: Rs.40000
Time to be Profitable: 1 month
Estimated Revenue: Rs.50000-Rs.1 lakh per month
Bakery
If cooking is your passion and baking more than a hobby, then you are the best person to start a bakery. It is time for your delicious breads and cakes to get popular appreciation.
It is a highly profitable business because you have events with the need for cake in every nook and corner as well as every day. It only takes two or three cakes at different parties or social function for you to get recognition and your business to expand.
Investment Required: Rs.1000-Rs.7000
Time to be Profitable: 1-2 weeks
Estimated Revenue: Rs.15000-Rs.25000
Dance/ Music Classes
With your graceful dance moves or beautiful songs, you can start these skill classes. Nowadays, every parent needs their children to be good at these art forms in addition t education. This is your best chance to start with a few students and share with them what you know. You have to be confident about your talent and van also use online platforms to attract more students.
Investment Required: No Investment is required.
Time to be Profitable: 1-2 months
Estimated Revenue: Rs.2000 to Rs.25000 depending on the number of students
Soap Making
With your knowledge on mixers and blenders, moulds, pigments and essential oils to make soaps, this is a profitable small business. It would be good if you can also attend any soap making workshop. Soap making requires expertise and skills and can have grave consequences for the customers as well as you in case anything happens.
Investment Required: Rs.1500
Time to be Profitable: 1-2 months
Estimated Revenue: Rs.5000-Rs.10000 per month
Wedding/ Event Planner
Similar to the itinerary planning for trips, event planning is also a difficult task, but a profitable business in India where there are a lot of weddings and events happening. You have to take care of everything from photography, pre wedding ceremonies, costumes, food, travel, guests and so much more. This is not a one person business and you may need more people. Basically, you can be the one who coordinates the different sections and people together, to make any event successful.
Investment Required: Rs.1 lakhs-Rs.2 lakhs
Time to be Profitable: 2-3 months
Estimated Revenue: Rs.50000 to Rs.5 lakhs per month
Home-Based Business Ideas in India
Soap Making
With your knowledge on mixers and blenders, moulds, pigments and essential oils to make soaps, this is a profitable small business. It would be good if you can also attend any soap making workshop. Soap making requires expertise and skills and can have grave consequences for the customers as well as you in case anything happens.
Estimated Cost to get started: Rs.1500
Revenue Potential: Rs.5000-Rs.10000 per month
Candle Making
Candles are in high demand for religious and decoration purposes. They not only act as a source of light, but they give ambience and good vibes in most places. You can find candles in religious places as well as for decorating a place.
The scented and therapeutic candles are in much demand in restaurants and in many households. The raw materials used to start the business include wax, wick, moulds, thread, aroma oils, and more. You will also require candle making equipment like melting pot, thermometer, pour pot, weighing scale, hammer, and an oven (to melt wax).
Estimated Cost to get started: It is a low investment business which requires Rs.20000 to Rs.30000 to get started.
Revenue Potential: If you are good in the business, you can earn up to Rs.50000 per month.
Pickle Making
We are people with hot and spicy flavours as their favourites. What makes this business profitable is the demand for pickles itself, which is a must in many Indian households and can be used with any Indian food. If you can make tasty and mouth-watering pickles, this is the best business for you. You can manufacture pickles at your home and sell it on your own.
Estimated Cost to get started: Rs.2000
Revenue Potential: Rs.5000-Rs.20000
Dry Snacks Making
There is always high demand for ready to eat and packed foods in India. With the working sector increasing, the age old practices of cooking snacks every evening to have with a hot chai are diminishing.
Hence, manufacturing dry snacks is a preferable business to earn profit in India. It is usually more of physical work depending on the snacks you are making. You need to have the necessary raw materials to start this business. As you are dealing with food products, you have to satisfy the rules and regulations drafted by Food Safety and Standards Authority of India (FSSAI) and have to get the license for it.
Estimated Cost to get started: depends on the type of raw materials used in the snacks.
Revenue Potential: Rs.25000 per month.
Chocolate Making
Chocolate is indeed a stress reliever; be it for anybody in any age group. India’s chocolate consumption has always been on the top position in survey charts. Manufacturing chocolate is a good business idea to start.
You need to buy raw materials and the necessary equipment. You might also need a few working hands depending on the level in which you are planning to start. Handmade chocolates are always the favourite of a majority in India.
Estimated Cost to get started: An approximate capital of Rs.40,000-Rs 50,000 will be required to purchase raw materials and packaging.
Revenue Potential: You can earn nearly Rs.5 lakhs per year with this business, if your chocolates hit the street and become a brand.
Ghee, Paneer and Butter Making
It has been a long time since homemade butter, ghee or paneer are consumed by people. We usually pick up these food products from super markets even when they can be made at home.
The traditional homemade butter, cheese, paneer and ghee have a lot of health benefits. Even when the majority of people prefer these, they end up buying the packed company produced products due to unavailability of the former. You only need to have a few raw materials and source for milk, like a cow of buffalo to start this business.
Estimated Cost to get started: Rs.50000-Rs. 1 lakh
Revenue Potential: Rs.5 lakhs to Rs.10 lakhs per year
Incense Sticks (Agarbathi) Making
Agarbattis or Incense sticks have use in every Indian household. Be it religious ceremonies or any other functions, they are always a priority. With their soothing and serene odour, Agarbattis have found a place in most places and are also used as insect repellents.
It is a small scale manufacturing business that has shown exponential growth in the last few years. The raw materials are bamboo sticks and essential oils with fragrances such as sandalwood, jasmine, rose, champa depending on the scent different Agarbattis possess. The sticks are coated with the oils and then dried.
Estimated Cost to get started: You need Rs.50,000 to purchase raw materials and automatic or semi-automatic Agarbatti making machines.
Revenue Potential: You can earn nearly Rs.25000 per month with this manufacturing business.
Sandal
Sandal is used in different religious ceremonies all over India. Moreover, the fragrance of Sandal reflects the rich culture and heritage of the country. They are mostly used in temples at different occasions and hence, are in high demand. People also decorate their houses with sandal during functions as a way of devotion and austerity. It is a low investment manufacturing business and the main raw material you need is sandalwood.
Estimated Cost to get started: It requires nearly Rs.25000 to Rs.50000 in order to start this business.
Revenue Potential: You can earn Rs.50000 or more depending on the success of your business and the demand for the product.
Fruit Pulp
A lot of fruits are wasted in India due to lesser consumer rates. The problem with fruits is they turn bad when not used within a few days. This is the reason why a fruit pulp manufacturing unit can help you.
High quality fruit pulp, in particular that of seasonal fruits, is in demand for various foods and confectionery manufactures like large scale ice-cream manufacturers, sweet makers, restaurants and star rated hotels as well as individual customers.
You can take fruit pulp and store it using preservatives and can sell it to these large scale food industries. All you need to have is adequate supply of fresh fruits, preservatives and cold storage facilities.
Estimated Cost to get started: Rs.1 lakh to Rs.5 lakhs for the processing unit and fruit supply
Revenue Potential: You can earn Rs.2 lakhs per month from this business.
Indian Breads
The ‘ready to cook’ and ‘ready to eat’ Indian breads are helping the Indian youth a lot who stays in one bedroom apartments and do not have sufficient cooking facilities or time. Hence, in metropolitan cities these half cooked or manufactured Indian breads like Chapathi and Paratha are in high demand.
You need not have a big food processing unit to start this business. However, you may require one as the demand increases. Same is the case with the number of workers too. Still, this is one of the best manufacturing businesses to start with a low investment. Machines to knead dough and bake these breads are available at fairly reasonable prices.
Estimated Cost to get started: You can start this business with Rs.10000 to Rs.20000.
Revenue Potential: You can earn from Rs.25000 per month with this Indian Breads manufacturing unit.
Artificial Jewellery
A majority people in India go with the current fashion trends influenced by many movies and it is not at all affordable for everyone to choose jewellery in gold or silver. The imitation or artificial jewellery has hence become popular as they are inexpensive and come in different colours matching the different attires up to date.
It is easy and cheap to start an artificial jewellery manufacturing business, provided you keep updated about the latest industry trends. There is a lot of competition regarding this business. You can find a lot of fancy stores in every corner of a street.
Estimated Cost to get started: You require Rs.1 lakh to Rs.2 lakhs to start this manufacturing unit.
Revenue Potential: You can earn up to Rs.10 lakhs per year with this manufacturing business.
Future Business Ideas in India
Co-working Businesses
Co-working, as the name says, is sharing spaces for business services. This is a great future business to start with when the price of rental spaces is going up. The whole idea focuses on working as a community in shared spaces, and you can be independent or work collaborated.
Coworking improves the environment of learning and sustainability. Not only the work spaces are shared, but everything under it from food services to conference rooms is a part of this type of business. If you have a free space, then co-working can be relied as a successful business.
Industry Growth Trends: Currently, 10% of office spaces are occupied by co-working and are expected to rise to approximately 25% in the next few years.
Investment to Get Started: it depends on the location and the area of the space.
Earning Potential: depends on the area
Here is How to Start A Coworking Space Business in India
You can also read this article on advantages and disadvantages of coworking.
Renewable & Clean Energy Business
With industrialisation and urbanisation, a lot of our non-renewable sources are getting exploited. The depletion of these resources can have hazardous after effects to every life on earth. Using renewable energy as a business idea can be advantageous for its comparatively low cost and the abundance of resources.
Solar energy and wind energy are the mostly used resources to generate power and electricity. It does not require much investment compared to using non-renewable resources.
Industry Growth Trends: Newer renewable electricity sources are targeted to grow massively by 2022, including a more than doubling of India’s large wind power capacity and an almost 15 fold increase in solar power from April 2016 levels.
Investment to Get Started: $10,000 to $10 billion
Earning Potential: Up to $125 billion
Online Tutoring
With e-learning and digitalisation emerging in every nook and corner of the world, online tutoring becomes one of the successful future businesses. Teaching is not restricted to classrooms and opens a wide range of opportunities for people with teaching skills possessing high quality WebCamera and an expertise in the subject.
This has been helpful for many graduates and post-graduates facing with unemployment due to the competition in teaching sector. Vedantu, BharatTutor and Tutor India are some of the online teaching platforms that connect teachers and students. Moreover, online coaching for different competitive exams is helpful for students in remote or rural locations.
Industry Growth Trends: The online tutoring services market in India is projected to reach a value of almost USD 9 billion by 2022, with new opportunities developing around the world.
Investment to Get Started: Zero Investment
Earning Potential: Rs.30000
Last-Mile Delivery
Many of the popular shipping companies are not interested to go for delivery at every point off the city limits due to poor road connectivity and lack of time. This makes Last-mile Delivery a good future business option.
With a dozen scooters or a shipping truck, you can start a business that provides delivery to the rural points of the city. You will have to collect the delivery package from the city and then distribute accordingly.
Industry Growth Trends: The last-mile delivery market is not only large but also dynamic with growth rates ranging from 300% in developing market like India.
Investment to Get Started: On a larger scale, the investment can be up to Rs.25 lakhs.
Earning Potential: You can earn from Rs.1-1.5 crore a year.
Internet of Things Industry (IoT)
Anything and everything of the services availed by us are connected to internet which sends and receives data. Even a lot of our everyday utilities come through a click on the different e-commerce sites and time has arrived at banks preferring to do everything via the online way.
Payment, banking, shopping, healthcare and whatnot are not available in the Internet world. The public transport, tickets generation, movies and the taxi services like Ola and Uber have been made easily accessible through the internet services. This makes IoT one of the best future business ideas.
Industry Growth Trends: The global IoT market is expected to reach a value of USD 1256.1 billion by 2025 from USD 690 billion in 2019 at a CAGR of 10.53%, during the period 2020-2025.
Investment to Get Started: Global spending on the Internet of Things will reach $1.29 trillion in 2020 (IDC).
Earning Potential: Mckinsey estimates that IoT will have potential growth and impact at $ 11.1 Trillion on the economy by 2025
Modular Home offices
When there are lesser spaces in city for constructing offices and further more increased rental spaces, modular buildings can be really helpful. “Modular” is a construction method that involves constructing sections away from the building site, then delivering them to the intended site.
Installation of the prefabricated sections is completed on site. Modular buildings may be used for long-term, temporary or permanent facilities, such as construction camps, schools and classrooms, civilian and military housing, and industrial facilities.
Industry Growth Trends: Global Modular Construction market will have 41.3% growth rate by 2026.
Investment to Get Started: A typical range of the investment cost is hard to define since it is driven by the size of the facility and the level of automation being implemented. However, a value of between $50 million and $100 million is a reasonable range based on recent new facilities.
Earning Potential: modular construction market will grow from USD 112.42 billion in 2018 to USD 157.19 billion by 2023
Warehouse Business for ecommerce
Warehouse business is a large scale business idea which deals with setting up distribution channels, buying fleet trucks, and warehouses to store the goods for the ecommerce stores. Ecommerce warehousing is the storage of physical goods before they are sold online.
Warehousing includes safely and securely storing products, as well as tracking where items are located, when they arrived, how long they’ve been in stock, and the quantity on hand at any given time.
Industry Growth Trends: The global market for warehousing is currently growing at a Compound Annual Growth Rate (CAGR) of 6 – 8%, according to Beroe Inc, a procurement intelligence firm.
Investment to Get Started: The average warehouse business costs between $10,000 and $50,000 to set up.
Earning Potential: It can help you earn up to $5 billion.
E-commerce Store
E-commerce is one of the emerging businesses that helps people to introduce and sell their products without the constraints of time and distance. Electronic Commerce is the process of buying and selling of products or services, making money transfers, and transferring data over an electronic medium (Internet).
It has a lot of advantages as a business and to the customers. It provides a great deal of options when coming to buy a product. This store connects people and products in different parts of the world.
Industry Growth Trends: New studies projected that the worldwide retail eCommerce sales will reach a new high by 2021 anticipating a 265% growth rate.
Investment to Get Started: As a bare minimum, you’ll also need to pay for hosting, web development, maintenance and inventory. The average costs for eCommerce stores include—professionally-built eCommerce website ($5,000 to $10,000), Domain name ($2 – $20 per year) and hosting ($300 per month).
Potential Earning: On average, a new ecommerce company can expect to bring in just under $39,000 of revenue in their first month in business, and generate $6.5 million in total revenue after three years.
Sharing Economy related business
The sharing economy is an economic model defined as a peer-to-peer (P2P) based activity of acquiring, providing, or sharing access to goods and services that is often facilitated by a community-based on-line platform.
The sharing economy allows many people to make extra money which for some of us could be a lifeline. As a result, it increases the supply of goods and services, which makes them more affordable, and will result in downward pressure on the cost of living and inflation. Some good examples are Airbnb, Uber, Ola and Lyft.
Industry Growth Trends: The sharing economy is estimated to grow from $14 billion in 2014 to $335 billion by 2025.
Investment to Get Started: it depends on the products and services you are dealing with
Earning Potential: depends on products and services you sell
New media business (Podcast, video)
New media marketing focuses on promoting brands and selling products and services through established and emerging online channels, harnessing these elements of new media to engage potential and current customers.
New media marketing encompasses many different mediums, including display advertising, content marketing and social media promotions. The objective of all new media marketing is to get consumers to interact with the brand, engaging them in a way that increases awareness and correlates to sales.
Industry Growth Trends: According to the Internet Advertising Bureau (IAB) and PriceWaterhouse, ad revenue is expected to reach $679 million this year, increasing to $863 million in 2020 and over $1 billion by 2021.
Investment to Get Started: Generally speaking though, you can expect to pay $200-$500 for a good quality podcast. On the extreme ends, you can start a decent podcast for around $100 and for the best of the best, most professional podcast possible, you can expect to dish out around $5,000.
Earning Potential: Advertise Cast places the 2019 average podcast advertising rates throughout the industry at $18 CPM (cost per 1,000 listeners) for a 30-second ad, and at $25 CPM for a 60-second ad.
Cyber security business
The potential threats of hacking and cyber-attacks make cyber security one of the possible and profitable future businesses. Cyber security is important because it encompasses everything that pertains to protecting our sensitive data, personally identifiable information (PII), protected health information (PHI), personal information, intellectual property, data, and governmental and industry information systems from theft and damage.
These companies earn money by offering any number of services to clients, including providing outsourced technology support, managed services, software tools, penetration testing, systems auditing, vulnerability analysis and consulting.
Industry Growth Trends: The cyber security market size was valued at $104.60 billion in 2017 and is projected to reach $258.99 billion by 2025, growing at a CAGR of 11.9% from 2018 to 2025.
Investment to Get Started: It can cost nearly $3.7 billion.
Earning Potential: You can even earn $50 billion in cyber security business
Urban Farming Business
Urban farming, also known as urban agriculture is a way for urban dwellers to grow their own food, or at least have access to local food. The practice of urban agriculture is growing in popularity in urban areas across North America.
With the many benefits of urban farming and all that local-food production has to offer, it’s important that we continue to spread awareness about how individuals and communities can establish a foundation of improved health, social interaction, and economic prosperity through organic food.
Industry Growth Trends: As per industry reports, India organic food market, which currently sized at 6000 crores is anticipated to grow at a CAGR of over 25% during 2016-2021.
Investment to Get Started: Growing your own garden is a continuous investment where an initial basic setup with soil, saplings or seeds and some organic manure, can cost you up to INR 1 lakh, with maintenance costs of about INR 1000 per month. In the initial days, marketing costs can range anywhere between INR 4,000 to INR 5,000 a month.
Earning Potential: you can earn INR 15 lakhs as an urban backyard farmer
Financial Technology Business
Financial technology (abbreviated fintech or FinTech) is the technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. It is an emerging industry that uses technology to improve activities in finance.
The use of smartphones for mobile banking, investing, borrowing services, and crypto-currency are examples of technologies aiming to make financial services more accessible to the general public. Financial technology companies consist of both start-ups and established financial institutions and technology companies trying to replace or enhance the usage of financial services provided by existing financial companies.
Industry Growth Trends: The Indian Fintech market is estimated to record a CAGR of approximately 12% during the forecast period 2016-25.
Investment to Get Started: $1.68 billion
Earning Potential: $2.4 billion
Alternate Medicine business (Homeopathy, Ayurveda, Acupuncture etc.)
Natural remedies and practices are always considered to be lucrative to treat all kinds of illness, but since a few years these practices have taken the world by storm. The concept of healthy life has taken a more holistic approach and pills and medicines are losing out their places from our cupboards and drawers.
Alternative healing or complementary medicines like homeopathy, Ayurveda have gained so much popularity in India and lot of people who are skilled in these healing services are interested to convert their skills into business.
Industry Growth Trends: it is estimated to grow with a CGR of 8.5% in India during2019-24
Investment to Get Started: Rs.50 lakhs
Earning Potential: Rs.76 lakhs –Rs.60 crores
So there you have it, business ideas that can generate you money even if you have no experience or capital.
If you need any help setting up and scaling your business, do let me know using the chat option.
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